Rob Lowe Realizes Mogul Dream

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He may have played them onscreen in the past, but now the actor
hasassumed the role of a real-life power player

He's not just a pretty face! Rob Lowe now owns a piece of
Miramax Films.

The Hollywood actor is among a consortium of investors who put
up cash to purchase the financially troubled production
house for $660 million from Disney.

Lowe is part of the group through a media investment fund he
recently created with Tom Barrack of Colony
Capital.

Construction executive Ronald N.Tutor is also one of
the key investors.

Lowe says in a statement, "The acquisition of a classic brand
like Miramax is an exciting first step in my partnership with Tom
Barrack and Colony Capital. This represents an exciting new
chapter for me.
And Tom and I could not have a better partner on our first deal
together than Ron Tutor."

Among the projects set to be released by the newly revived
Miramax are movies starring Helen Mirren, Jennifer Aniston,
Jason Bateman, Katie Holmes and Guy
Pearce, as well as the CGI-animated Gnomeo and
Juliet, featuring the voices of Emily Blunt,
James McAvoy, Michael Caine,
Maggie Smith and Patrick
Stewart.

In July, Lowe set tongues wagging when he was
spotted dining in London with a group which included Barrack,
Flavio Briatore and restaurateur Giuseppe
Cipriani.

It was reported soon afterward that plans were afoot to form an
investment company.